The electoral success for the 56 delegates that the electorate chose to send to Parliament, in addition to the joy of success, also secures them a very good salary.
The salaries of the Cypriot MPs after cuts, contributions, allowances, etc., range at 4.800 euros (net) per month. It is noted that the parliamentary allowance differs from party to party, due to the cuts for party contributions.
According to the latest data published by the General Accounting Office of the State, the "Total monthly salary with allowances" of MPs, amounts to 6.640 euros. This amount includes:
-Basic salary: 3.644 euros
-Secretary service allowance 1.025 euros
The "secretarial services" allowance is given to MPs in order to pay their secretarial staff. However, with the introduction of the "parliamentary associate" who is paid separately by the General Accountant of the state, the "secretarial services" allowance which is noted to be pensionable , is added to the parliamentary allowance).
Performance allowance 1.708 euros
- Index of 261 euros
A series of cuts and tax contributions, such as Income Tax, the contribution to the GESY, the party contribution (which varies from party to party), etc., bring the Parliamentary allowance to 4,153 euros, always according to the data of the General Accounting Office. of the State.
However, at 4,153 euros, the allowance of 580 euros for travel expenses is added, which is submitted directly by the Parliament's accounting office. It is noted that this allowance is the same amount for all MPs, regardless of which province they live in. As a result, MPs' monthly earnings are around 4.800 euros.
The salary of the Speaker of Parliament
The salary of the Speaker of Parliament is significantly higher than that of MPs. Specifically, the President of the House receives a net monthly salary of € 5.852 (€ 10.296 gross along with allowances).
Alalum with compensation and allowances.
However, the issue that has occupied the leaders for a long time is the "rationalization" of the parliamentary compensation. Any discussions that took place from time to time, between the Ministry of Finance and the Presidency of the Parliament, concerned the merging of the various allowances into a single "salary". The aim was to eliminate the paradoxes associated with allowances that do not correspond to the reason for which they are paid (such as the "secretarial service allowance" for example) but, is a "sideways" way to increase the final amount of parliamentary allowance.
It is expected that in the new Parliamentary period the whole issue will be settled, which is noted that the previous period "stumbled" on the various problems that the financial staff and the state mechanism as a whole were called to face, among other things, due to a pandemic.
Among the "moderately" paid Cypriot MPs compared to their European counterparts
It is worth noting that in the scale of the remuneration of Members of Parliament in parliaments of European countries, Cyprus is in the middle.
Specifically, in the relevant scale, Italy holds the lead with its MPs being paid 125.220 euros per year. They are followed by the German MPs with 111 euros per year, while the Austrian MPs hold the third place with their annual earnings reaching 926 euros. It is noted that the Members of the Greek Parliament belong to the "bloc" of those paid with compensations over 104.235 euros per year. Specifically, the earnings of Greek MPs reach € 60.000 per year.
At the bottom of the scale are Romania € 14.377, followed by Malta € 21.685 and Slovakia € 23.532.
Finally, at about the same level as the salaries of the Cypriot MPs, which on an annual basis reach 43.722 euros, are those of the Portuguese and Slovenes, which reach € 43.492 and € 43.935 respectively.
EconomyTimes